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Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Primoris Services Price-to-Tangible-Book Related Terms
Primoris Services Price-to-Tangible-Book Historical Data
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The historical data trend for Primoris Services's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PRIM vs LGN, EXPO, MYRG: Price-to-Tangible-Book Comparison
For the Engineering & Construction subindustry, Primoris Services's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Primoris Services Price-to-Tangible-Book vs Construction Industry
For the Construction industry and Industrials sector, Primoris Services's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Primoris Services's Price-to-Tangible-Book falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Primoris Services (PRIM) has a Price-to-Tangible-Book of 23.08 as of Sep. 15, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Primoris Services and its competitors. According to the industry distribution chart, Primoris Services ranks #1547 out of 1600 companies in the Construction industry, placing it in the top 96.7%.
Is Primoris Services' Price-to-Tangible-Book too high?
Primoris Services' current Price-to-Tangible-Book is 23.08. The Construction industry median Price-to-Tangible-Book is 1.44. Primoris Services' value of 23.08 is 1502.8% above this industry median. Based on the distribution chart, Primoris Services ranks #1547 out of 1600 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Primoris Services has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Primoris Services' Price-to-Tangible-Book compare to LGN and EXPO?
According to the Construction industry distribution chart, Primoris Services ranks #1547 out of 1600 companies for Price-to-Tangible-Book. This places Primoris Services in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.44. Primoris Services' value of 23.08 is 1502.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Construction company?
The median Price-to-Tangible-Book among Construction companies is 1.44, based on 1,600 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primoris Services's current Price-to-Tangible-Book of 23.08 is 1502.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Primoris Services and its competitors. For the Construction industry, the median Price-to-Tangible-Book is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primoris Services's current Price-to-Tangible-Book is 23.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primoris Services stock overvalued right now?
Based on GuruFocus' analysis, Primoris Services (PRIM) is currently considered Fairly Valued. The stock's GF Value™ is $82.03, compared to a current price of $76.98 — trading 6.2% below its estimated fair value. The current Price-to-Tangible-Book is 23.08 and 1502.8% above the Construction industry median of 1.44. Primoris Services' overall GF Score™ is 92/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Primoris Services (PRIM), the current Price-to-Tangible-Book is 23.08 as of Sep. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Primoris Services (PRIM) Overvalued in 2026?
Based on GuruFocus' analysis, Primoris Services stock appears to be undervalued.
The current stock price of $76.98 is trading 6.2% below its estimated GF Value™ of $82.03.
GuruFocus considers Primoris Services to be Fairly Valued.
Key valuation signals for PRIM:
Price-to-Tangible-Book: 23.08
GF Value™: $82.03 vs. price of $76.98 (6.2% below fair value)
Industry Position: 1502.8% above the Construction median (#1547 of 1600)
No single metric tells the full story. See the PRIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Primoris Services Corp is a provider of critical infrastructure services operating mainly in the United States and Canada. The company provides a range of construction, maintenance, replacement, and engineering services. The Utilities segment operates throughout the United States and specializes in a range of services, including the construction and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment operates throughout the United States and Canada and specializes in a range of services that include engineering, procurement, construction, and maintenance services to various industries. The majority of the company's revenue is derived from the Energy segment.
92GF Score
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